There’s never a dull moment in the world of cybercrime. Security breaches have risen by more than 67% over the past five years, and the trend shows no signs of slowing down. Across every industry, businesses of all sizes are prime targets of cybercriminals, state-sponsored attackers, ruthless competitors, and malicious insiders.
While it’s true that technology doesn’t always make us more productive or make a business more efficient, today’s law firms aren’t going to get very far without it. In a sector that many see as relatively slow to innovate, law firms are finding themselves under increasing pressure to modernize and, in doing so, better serve their clients.
Today, there’s no way to run a modern healthcare practice without the right blend of technology and process. At the same time, meeting the demands of compliance isn’t getting any easier, and the threats facing the sector are increasing all the time.
With small- and medium-sized businesses (SMBs) shifting more of their operations over to the cloud, there’s an increasing need for cloud-based disaster recovery to protect their applications and data in the event of an incident. Yet many companies, despite making heavy investments in cloud technologies, have yet to build an affordable and dependable solution for keeping their assets safe.
Productivity growth has been dropping steadily for over a decade, according to a recent study by the US Bureau of Labor Statistics. This begs the question of whether all the technology we have come to rely so heavily on is actually helping rather than hindering us.
Having an overloaded calendar may seem like a characteristic of successful entrepreneurship, but just because you’re busy doesn’t mean you’re handling your time efficiently. Although this always-connected era encourages us to pack in as much as possible, that’s precisely the sort of pressure you must avoid to stay focused on your most valuable tasks.
The business technology landscape looks a lot different from how it did just a few years ago. No longer are employees and the devices and applications they use locked within the corporate network. Today, they’re accessing the business systems and documents over the cloud with a wide variety of devices, which increases the risk of cyberattacks and data breaches.
As we become more reliant on technology to handle all those boring and repetitive tasks, it’s not long before artificial intelligence (AI) enters the conversation. We’re constantly being told about how AI will revolutionize business and render yet more jobs obsolete.
Cybercrime is on a sharp rise. According to Radware, there were 2.3 billion data breaches in 2018 versus 826 million in 2017. This alarming trend is costing companies more and more. The average estimated cost of a cyberattack for an enterprise was $1.1 million in 2018, which is a 52% increase from 2017. Studies also show that it takes 196 days to fully recover from any data breach.
There is an overwhelming amount of technology solutions in the market that claim to streamline business processes and increase productivity. Because of this, it’s easy for business owners with limited IT knowledge to choose the wrong solutions.
To avoid this, you need to understand your business’s goals, and do thorough research about the solutions that can help you achieve them.